PENNYMAC reviews

3.0

46% would recommend to a friend

(1,562 total reviews)
avatar

David Spector

52% approve of CEO

46% positive business outlook

PENNYMAC has an employee rating of 3.0 out of 5 stars, based on 1,562 company reviews on Glassdoor which indicates that most employees have an average working experience there. The PENNYMAC employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
2.0
Dec 12, 2019
Recommend
CEO approval
Business Outlook

Pros

• A lot to learn / Interesting work • Potentially competitive Pay • Decent medical benefits • Top-notch cafeteria

Cons

#1) Directors create silos around their departments and you spend so much time trying to get people to cooperate/communicate, until you inevitably fail and then you spend more time figuring out how to get done what you need to without support. #2) You get paid what you fight for. Don't expect recognition, appreciation, or compensation. You get rewarded when you demand it and threaten to quite if they don't deliver. Managers will work you into an early grave if you let them. #3) The worst PTO policy and Bonus payment policy. #4) Culture of fear. Managers care more about assigning blame and belittling you than about solutions and improvement. #5) Lying is rewarded. #6) Toxic managers abound. Managers will sabotage your work and career in order to ensure their own longevity. #7) The office providers no personal space or privacy and has too few bathrooms.

5.0
Dec 9, 2019
Recommend
CEO approval
Business Outlook

Pros

Adam Adoree = Great Sales Manager. The Moorpark Loan Officer Manager, is fantastic and supportive of his loan officers, especially during LO's early training days. Really nice man who knows how to motivate LO's. Great long term, monthly training. Friendly co-worker Loan Officers who help each other inside the office. Good Team of Loan Officers. Best Sales Manager I ever had. Honestly. He will recognize this review, since I was the oldest LO he ever hired in 2019. He truly was a unique manager with incredible motivation skills. I miss him already. If my wife's family health issues hadn't taken me away so quickly, I would have worked for him...for many years. Loan Officers, please apply with confidence. Good Company. Great Sales Manager.

Cons

All phone calls recorded and reviewed for mistakes constantly. Not always fair review. Difficult to remain on daily monitored schedule. Upper management always commenting on daily production without real understanding on the lower levels of Loan Officer struggles.

Viewing 1249 - 1251 of 1,562 Reviews

Glassdoor has 1,677 PENNYMAC reviews submitted anonymously by PENNYMAC employees. Read employee reviews and ratings on Glassdoor to decide if PENNYMAC is right for you.